Austin Wen's FINA4920-Assign2Template

Austin Wen's FINA4920-Assign2Template - StudentName...

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Student Name Austin Wen Contents Date Created Date Modified Question Answer 1 5.67% 2 a 0.6667% b 8.31142% 3 a 12.89% b 13.00% c 12.749685157937600% d 12.36% e Loan d 4 a  $50,978.67  b  $60,000.00  c 6% d 10% 5 2.6739%
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Question 1 PV -$25,000 FV $29,500 Rate nper 3 0  $-25,000.00  1  $-    2  $-    3  $29,500.00  5.67218% A B 1 2 3 4 5 6 7 8 9 10 11 12 13
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Question 2 Loan principal  $100,000.00  Loan term (years) 20 Quoted interest rate 8% Discount points 1 Origination fee 0.08% Initial amount of loan, net of fees $98,920.00 Monthly payment -$827.41 Monthly interest rate 0.667% EAR 8.311%
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Question 3 a. Interest rate 12.5% # compounding periods per year 2 EAR 12.89% b. Interest rate 13.0% Number of compounding periods per year 1.00 EAR 13.00% c. Interest rate 12.0% # compounding periods per year EAR 12.7496851579376% d. Interest rate for 6 months 6.0% # compounding periods per year 2 EAR 12.36% if statement Loan d
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1.13 0.13
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This note was uploaded on 06/06/2011 for the course STAT 4290 taught by Professor Lazar during the Spring '11 term at University of Georgia Athens.

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Austin Wen's FINA4920-Assign2Template - StudentName...

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